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(World Fertilizer) Danakali announces admission to trading on London Stock Exchange

Posted by: Semere Asmelash

Date: Tuesday, 24 July 2018

World Fertilizer


Danakali announces admission to trading on London Stock Exchange



Published by David RowlandsAssistant Editor 
World Fertilizer, Tuesday, 24 July 2018 09:15

Danakali Ltd has announced that its 264 167 463 ordinary shares have been admitted to the standard segment of the official list of the Financial Conduct Authority and to trading on the London Stock Exchange’s main market at 8.00 AM BST today under the ticker ‘DNK’.

Danakali is a potash company focused on the development of the Colluli Potash Project. The project is 100% owned by Colluli Mining Share Co., which is a 50:50 joint venture between Danakali and Eritrean National Mining Corp.

The project is located in Eritrea, and is just 75 km from the Red Sea coast, making it one of the world’s most accessible potash deposits. It is also one of the world’s shallowest potash deposits, with mineralisation commencing at just 16 m.

Seamus Cornelius, Danakali Executive Chairman, said: “We are delighted to deliver on another of our strategic goals for 2018. The LSE listing should increase our profile, liquidity and breadth of potential investors. It is a key milestone as we move towards construction and production at the Colluli Potash Project.”


Danakali lists on the London Stock Exchange

 24 Jul 2018

The listing helps the company access capital in the London marke
Danakali lists on the London Stock Exchange
Potash is key to the world's fertilser needs

Australian-based Danakali Limited (ASX:DNK) (LON:DNK) has added London to its listing on the Australian Securities Exchange.

"We are delighted to deliver on another of our strategic goals for 2018,” said Danakali’s executive chairman Seamus Cornelius.

WATCH: Danakali Limited to begin trading on London's Main Market later this month

“The LSE listing should increase our profile, liquidity and breadth of potential investors. It is a key milestone as we move towards construction and production at the Colluli potash project."

Colluli is a major potash project in Eritrea, situated just 75 kilometres from the coast. 

The shares were steady at 47p.

Danakali Ltd lists on the London Stock Exchange - Proactive Investors

Danakali lists on the London Stock Exchange | 24.07.18 | finanzen.ch

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